EBay Boss Says Holiday Shopping Now Starts Before Thanksgiving (and on Mobile)
*By Bridgette Webb*
In more than 20 years of business, eBay has grown to become the globe's second largest online retailer, with 177 million active buyers worldwide in 190 markets.
The company, in terms of online sales will have more online transactions than Walmart, Macy's($M) and Best Buy ($BBY) combined, according to company estimates.
It's a stat that the company hopes will propel it to success on what is poised to be the biggest shopping day of the year, Cyber Monday.
"We are building on incredible momentum from last week," Scott Cutler, eBay's SVP for the Americas said Monday on an interview on Cheddar. "We are expecting an amazing day across the array of products that eBay has to offer."
The annual online event is set to become the largest ー and fastest ー growing shopping days of the year ,according to Adobe Analytics data, which expects the annual event to hit $7.7 billion dollars in sales, marking an over 17 percent increase from last year.
According to Cutler, the fervor surrounding both Cyber- Monday and Black Friday has spread to the days before Thanksgiving, ultimately presenting a new opportunity for mobile payments. He said the site saw serious traffic even before the national holiday ー and then again on Black Friday.
Layoffs, hiring slowdowns, and shifting skill demands dominate this year’s job talk. LinkedIn’s Kory Kantenga explains what workers should watch for next.
Retailers face tariffs and cost challenges this holiday season. Wells Fargo's Lauren Murphy shares insights on pricing, promotions, and shopping trends.
Dateability, founded by sisters Jacqueline and Alexa Child, is the only dating app for disabled and chronically ill communities, fostering love without limits.
Some small grocery stores and neighborhood convenience stores are eager for the U.S. government shutdown to end and for their customers to start receiving federal food aid again. Late last month, the Trump administration froze funding for the SNAP benefits that about 42 million Americans use to buy groceries. The U.S. Department of Agriculture says about 74% of the assistance was spent last year at superstores like Walmart and supermarkets like Kroger. Around 14% went to smaller stores that are more accessible to SNAP beneficiaries. A former director of the United Nations World Food Program says SNAP is not only a social safety net for families but a local economic engine that supports neighborhood businesses.
Andy Baehr, Head of Product at CoinDesk Indices, breaks down crypto’s Black Friday crash, Bitcoin dipping under $100K, and what’s driving the market rout.
Billionaire Warren Buffett warned shareholders Monday that many companies will fare better than his Berkshire Hathaway in the decades ahead as Father Time catches up
